Private sector employment nosedived in the month of April, according to a report released by payroll processor ADP on Wednesday.The report said private sector employment plunged by 20.236 million jobs in April after slumping by a revised 149,000 jobs in May.Economists had expected employment to tumble by 20.050 million jobs compared to the loss of 27,000 jobs originally reported for the previous m...
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.